The current regulations allow properties that are on the market
before 1 June 2007 to
continue to be marketed until 31 October 2007 without the need to
produce a pack.
This is to ensure that the market is not disrupted by a massive
demand for the production
of packs in the weeks before 1 June.
A number of stakeholders have queried whether the period between 1
June and 31 October
is long enough given how long it takes to sell a property and the
the housing market in the summer months.
The HIPs Baseline Research
us to model this and has confirmed that there could still be a
of properties marketed before 1 June that remain unsold on 31
this disrupting the market we propose to allow properties marketed
June to continue to be marketed without a HIP until 31 March 2008